Annuities & Investments

Bennett Financial

What is an annuity?

An annuity is a service designed to provide individuals with guaranteed income for life.


More specifically, an Annuity transfers the longevity risk of you outliving your savings on to us. An Annuity is a valuable tool in a way that protects you during the most enjoyable time of your life. Annuities provide peace of mind and are designed to grow and preserve what you've been working so hard for.....Retirement.


Let Bennett Financial help you prepare for retirement.

Would you rather take $500,000 in cold, hard cash the day you retire or have $2,700 deposited into your account every month for the rest of your life? ~

A survey asked Americans who haven’t retired yet that same question, and a whopping 62% of them said they would take the $2,700 a month.


Why is that? Well, with uncertainty swirling around Social (In)Security and pension plans starting to dry up, many people are looking for monthly security when it comes to their finances—especially retirement planning. 

About 6 in 10 American workers are worried they might outlive their retirement savings. That might explain why nearly half of them plan to buy an annuity by the time they retire or already have one.


The ultimate goal of an annuity is to give you a steady stream of income throughout your retirement, which sounds great at first. But are annuities really the best way to secure a stress-free retirement?


Tax Deferred

You will pay no income taxes on the earnings from your annuity investments until you begin making withdrawals or receiving periodic payments.

Unlimited contributions.

There is no limit to the amount of after-tax money you can put into an annuity, regardless of your income level or sources of income.

Investment Options

 Depending on the annuity many include a variety of investment options, such as stocks, bonds, and money market instruments, that fluctuate with market conditions.

Death Benefits

Annuities include insurance features that guarantee payment to your designated beneficiaries if you die before withdrawals begin. In most cases, this payment does not have to pass through probate.

Annuities are completely customizable and building an annuity to match your specific needs and situation is what we do here at Bennett Financial.


Start with the basics below

How it works

  • 1. Chose your Funding

    Single Premium or Multiple Premiums: You have the flexibility to choose how you fund your annuity. Whether you have a lump sum of money from savings, a 401(k), or proceeds from selling a home, or prefer to make regular monthly payments, we can tailor the annuity to your specific needs.

  • 2. Specify your Payout

    Immediate vs Deferred: YOU have the option to start receiving payments right away or defer them to a later date. If you need income immediately, we can set up your annuity to provide regular payments while the remaining amount continues to earn interest. Alternatively, if you prefer to let your funds grow for a specific period before receiving payments, we can help you select the deferred option that aligns with your retirement plans.

  • 3. Adjust Length of Payout

    Lifetime vs Fixed Payout Period: You can decide whether you want annuity payments for the rest of your life or for a fixed number of years. If you choose lifetime payments, you'll receive income as long as you live, providing you with financial security throughout your retirement. Alternatively, if you prefer payments for a specific period, we can structure your annuity accordingly. In the event of any remaining funds, they can be passed on to your designated beneficiary.

  • 4. Chose your Beneficiary

    You can specify a certain amount to be left to your beneficiary upon your passing, ensuring their financial security. Alternatively, YOU can choose a fixed period during which the annuity will continue to pay out to your beneficiary, providing them with a steady income stream. Our team will guide YOU through the available choices and help YOU make an informed decision that aligns with your wishes and the well-being of your loved ones.

  • 5. Talk to your Broker

    When you choose a Bennett Financial broker, you gain access to a knowledgeable and experienced professional who will assist you in tailoring an annuity to match your specific needs and situation. Our brokers have a deep understanding of annuity products and the intricacies of the market. They will take the time to assess your goals, risk tolerance, and retirement plans. Through personalized consultations, they will guide you in selecting the most suitable annuity options, such as premium amounts, payment terms, and additional features. With a Bennett Financial broker by your side, you can have confidence in making informed decisions that pave the way for a secure and prosperous financial future.

Take a wealth quiz and see which annuity is right for you

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An annuity can provide a guaranteed income stream, tax-deferred growth, and a range of options. It's an effective retirement savings tool that can provide financial security and peace of mind during the golden years.

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